How will the stock markets react? China, or more precisely the Hubei Province (where the city of Wuhan is located) reported a massive increase in both infections and deaths today. This might be an indirect admission that the previous figures were manipulated. The big question now is: why is this probably more realistic representation of the situation happening right now? Yesterday Beijing claimed that the peak might already have been reached. They asked the US to reactivate the flight connections. Now the sudden turning point. Today the stock markets are therefore initially in risk-off mode. The already choppy coronavirus crisis is suddenly back with full force!
Current: China apparently plans to shorten Washington visit – Liu He travels to Washington without authority
According to a report by the Hong Kong “South China Morning Post”, China plans to shorten Liu He’s visit to Washington. This is Beijing’s obvious response to the inclusion of 28 Chinese companies on the […]
According to official information from China, more than 6000 people in China have been infected by the coronavirus. 132 people have died (today at 3pm German time the WHO will hold a press conference). But […]
The People’s Bank of China is trying to support the stock markets in China and lower interbank rates with another massive injection of liquidity (currently 400 billion Yuan). It wants to strengthen confidence, said China’s […]